- The director of Oxy FM, DJ Oxygen, claims NAM1 is not in police custody as being reported
- He said the Menzgold boss is in his East Legon home relaxing contrary to the custody reports
- DJ Oxygen lamented that there is lack of clarity on the issues surrounding NAM1 and Menzgold
The owner of Oxy FM, Alfred Kwame Larbi, has claimed that Nana Mensah Appiah, the embattled CEO of Menzgold, is not in police custody.
According to Larbi, who owns Oxy FM, contrary to such reports, Mensah, also called Appiah, was chilling in his East Legon home.
This was gathered in a report sighted by YEN.com.gh on Ghanaweb.com.
He was reportedly speaking on a show on Accra-based Rainbow Radio.
Larbi said being in police custody is not the same as being in prison custody.
He explained that with the police custody, when one is influential, he is allowed to go home in the quiet; stressing that that is the circumstance in which NAM1 found himself.
Larbi emphasised that he was fully aware and informed that NAM1 is not in police custody, that was when the host of the show, Root Eye, expressed doubt that his claims.
The Oxy FM director also complained that there was lack of clarity in the whole NAM1-Menzgold saga.
According to him, reports from the media have not been clear with everyone giving their own version of the story.
Meanwhile, NAM1 is facing four different charges in court.
His wife Rose Tetteh and sister Benedicta Appiah are also facing two similar charged.
He has been charged with two counts of abetment to defraud by false pretence and two counts of abetment to carry out banking business without licence, contrary to Section 6 (1) of the Banks and Specialised Deposit-taking Institutions Act, 2016 (Act 930).
Two of his companies — Brew Marketing Consult and Menzgold Ghana Limited — represented by him, have each been charged with defrauding by false pretence, contrary to sections 20 (1) and 13 (1) of the Criminal Offences Act, 1960 (Act 29).
NAM1 was arrested again on arrival at the Kotoka International Airport as earlier reported by YEN.com.gh.
He was also refused bail, and his case has been adjourned to July 26, 2019.
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Source: Yen Newspaper